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FTM APPROACHING RESISTANCE LEVELS Here is what I see that might be happening with fantom: 1) We are below the 200 ema, the ema ribbon, and the ichimoku cloud on the daily timeframe. Not a great sign, BUT we have managed to test the ema ribbon quite frequently during this downtrend, so we could very well break above it soon as the more often support/resistance is tested the more likely we are to break it. 2) If we do break the EMA ribbon to the upside we will again be testing the up trending zone of resistance we recently rejected from (red box). This has been used as strong support in the past and has already been used once as relatively strong resistance. 3) We have a relatively large red ichimoku cloud above us which isnt great, but for the past year or so we have been in relatively sideways price action, where the ichimoku cloud isn't as powerful. 4) If we do manage to get rejected from the ema ribbon, especially since volatility looks relatively weak right now, we could move to the bottom of the green box. This green box has acted as strong support/resistance in the past, so I would expect to find at least a bounce from the bottom of the box. 5) As of now, I am relatively bullish on this on the short term, especially if bitcoin keeps rising. FTM really needs to break the resistance ahead of it though or else it could send us lower. 6) This is not financial advice and always do your own research before entering the market.
Long
by MarketM8ker
FTM TO REACH PREVIOUS HIGHS 🥷🏻Greetings, Today we're looking FTM. Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. During May 2021 whilst all alts were booming, FTM went from 15c to 94c, then went back to 15c. In the short term i'm keeping a close eye on the upwards parallel channel that it is working in. If the market structure changes and falls out of this pattern I will act accordingly. Below is a longer time frame of FTMUSDT - We can see the all time high currently sits around $3.40. Buy Zone $1.42 - $1.48 $1.48 - $1.55 Targets $1.78 $2.06 $2.34 $2.58 FTMBTC Chart - We can see here that FTM has really not moved much from it's low support against BTC. Which is great sign and shows a huge upside potential. FTM can only reach previous highs if Bitcoin continues to see green candles, btc controls the markets price. Remember, nothing is guaranteed, control the controllables. Mogues
Long
by mogues
FANTOM - TO RISE BY 65% TO 1.74Please support this idea with a LIKE👍 if you find it useful🥳 Not a financial advice🙅🏼‍♂️ This is the continuation of my previous analysis on fantom here👇 Price is approaching the lower trendline which is a potential support zone to push price ahead to the upper trendline. For investors, you can buy and pick a long position from $1.02 - $1.10 and take profit at $1.60 & $1.74. What do you think? Share your opinion in the comment section✍️ You can also demand for analysis of your preferred coin Follow me stay updated about this coin and more helpful projects like this🎁 Happy Trading💰🥳🤗
Long
by PetrockFxTrading
20
FTM: READY FOR A BIG MOVE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this FTM/USDT TRADE setup. FTM looks good here. FTM is breaking out from the bull flag like structure in the daily time frame. Expecting a 100-150% move from here. Buy some now and add more in dips. Entry range:- $1.48-$1.54 Target:- 146% SL:- $1.34 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
FTMUSDT, What is certain is the ...Hello everyone According to the chart and last analysis that we published, from that time the price is moving in downward trend until now and we should only take short position and sell in pullback of each wave . And now as you can see on chart the price is moving to make pullback wave and we expect from this zone is ready to dump but if this not happen it can move up and finish it pullback from the base zone that we shown on chart and arrow it . The certain thing is the trend is downward and accoridng to the condition of the market the chance of the price to make new LL is more than to break the key point level and make HL. If you wanna take position observer to your capital management and dont forget use stop loss. Good Luck Abtin Previous analysis :
Short
by Abtin00
FTM Capitulation before potential blastoffHere is what I think is going on with FTM: 1) I mentioned the key zone of support marked by the green box. I still believe into this green box is at play. 2) The spread on the daily ema ribbon is very large. You can see FTM has already encountered some resistance near this first ema line, in combination with the uptrending zone of resistance marked in red. 3) The ichimoku is pretty far away from us on the daily so there is a decent chance we could have an impulsive move to the upside, but I believe this will happen after re-testing the green box. 4) Not shown, we are currently rejecting out of a 30% red ichimoku cloud on the 4hr timeframe. 5) The BTC pair for FTM has actually touched the uppermost boundary of the green support box that I have drawn. But we could very well see it drop to the lower boundary which would likely put the USDT pair into the green box I have mentioned. 8) Remember, this is not financial advice and always do your own analysis/research before making any decisions on the market.
Long
by MarketM8ker
1